Evidently nothing raises TNK's price. Not higher spot tanker rates. Not the rise of prices of other tanker stocks. Not healthy dividends. Nothing.
Can someone provide a logical explanation why TNK's price goes down regardless of what's going on in the world?
Actually, I have two jobs. I work at Starbucks where I have free internet access thru their 802.11g wifi hotspot. I usually make friends with a customer, by giving out extra whipped cream or a sprinkle of nuts, and sometimes get them to let me borrow their laptop on bathroom breaks. I watch CNBC on the little TV in the corner when I can get them to let me, or if the manager is in the back, paying a lot of attention to baldy Craver's advice, on that Cows and Wolves show, and in between Cappuccinos, Lattes, or the occasional rapacious Frappuccinno, which BTW, Im still learning to make,(don't tell my boss, he thinks I'm a unique Animal too) I get the opportunity to post stock valuation, trading and equity merit dissertations, and broad based industry analysis. Its a lot of fun! Boo Yaa! My second job is with NASA, after I get off from Starbucks. I don't have as much free time there, the negative gravity spacesuit interferes with the keyboard function of my on line internet communication ability, and the only time I have for research is on Space Walks. Its a shame they wont let me bring Lattes on the Lunar Capsule.
And your point is ?
Those 9 tankers are making a nice ROI for myself and
other TNK shareholders with juicy dividends every quarter.
If you think a bigger fleet is a wiser investment for you.
Buy NAT. They have 17 tankers and just paid a 1.5% dividend
vs a 7.5% dividend from TNK.
This is a board for professionals that share intelligent
discussion and thought. So perhaps you should shove off.
Wonder if someone out there knows something we don't, i.e. a dilution event such as secondary or convertible bonds in the works in order go buy more ships from TK. I realize that TNK is a stagnant div stock, but it's declining while FRO/NAT/etc are going up.
I am going to guess that the market is still holding onto the .15 dividend and not making assumptions on the next dividend.
Are you looking to flip out of the stock? If not, then who cares? Buy more at these prices. Eventually the market has to catch up.